The trust achieved a revenue per available unit (REVPAU) of $155 for 4Q17, an increase of 5% as compared to 4Q16.
SINGAPORE (Jan 26): The manager of Ascott Residence Trust (ART) has declared a DPU of 2.04 cents for 4Q17, unchanged from a year ago.
Revenue for the quarter grew 6% on-year to $134.5 million compared to $126.7 million previously, mainly due to additional revenue of $11.2 million from ART’s acquisitions in 2017, which were partially offset by the decrease in revenue of $3.3 million from its divestments.
